Are there any emerging areas that you've seen where IoT is going to significantly change how patients are cared for?
"Payers are becoming more and more open to paying for telehealth, and that paradigm shift itself is going to accelerate the use of home care devices."
The second thing is the management of capital or expense assets. We found that on average, a 100-bed hospital loses around $20 million a year in lost assets. These assets could range from a box of gloves all the way up to big-ticket items like an MRI or X-ray machine.
Losing that much each year is a huge deal, especially when you are running on two percent profit margin. IoT connectivity could greatly assist hospitals in keeping track of these assets and reducing product loss."